Botswana Journal of
Economics

BOTSWANA ECONOMICS ASSOCIATION
  • Abbreviation: Botswana J. Econ.
  • Language: English
  • ISSN: 1810-0163
  • DOI: 10.5897/BOJE
  • Start Year: 2011
  • Published Articles: 39

Full Length Research Paper

Impact of imports of capital goods on economic growth in Ivory Coast

Moustapha Fofana
  • Moustapha Fofana
  • University of Félix-Houphouët-Boigny, 00225, Abidjan, Cote D'ivoire
  • Google Scholar
Amadou Mamane Issaka
  • Amadou Mamane Issaka
  • National Institute of Statistics of Niger, 182, Rue de la Sirba, B. P. 13416, Niamey, Republic of Niger
  • Google Scholar


  •  Received: 21 August 2024
  •  Accepted: 01 November 2024
  •  Published: 31 December 2024

Abstract

One of the challenges facing Ivory Coast is the transformation of its agricultural production. This transformation involves the importation of capital goods. The study analyzed the influence of capital goods imports on the economic growth of Ivory Coast. Initially, a thorough literature review was conducted. Following this, the methodology was detailed, model variables were identified, and estimation was performed. Finally, the results were interpreted, and recommendations for economic policy were proposed. To address these issues, an autoregressive distributed lag (ARDL) model was employed, utilizing the cointegration framework established. The results indicate that, over the long term, imports of capital goods positively contribute to economic growth, albeit to a limited extent. It is advisable to implement measures that support the structural transformation of the agricultural sector by promoting the importation of essential capital equipment for its development.
 
Key words: ARDL model, economic growth, imports of capital goods.